On May 22, 2019, the Financial Supervisory Authority (Finansinspektionen – FI) announced that it intends to abide by and implement the European supervisory authorities’ (ESAs) common guidelines on...
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
On May 16, 2019, the State Data Protection Inspectorate announced its decision to impose an administrative fine under the General Data Protection Regulation (GDPR) on the company UAB MisterTango,...
Australian acquiring banks have been put on notice by the country’s central bank over least-cost transaction routing as payment methods evolve, insisting that progress must not be stalled.
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
On May 16, 2019, the Reserve Bank of India (RBI) published "The Payment Systems Vision 2021", with the aim of providing the Indian population with access to e-payment options that are not only safe...
Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
On May 15, 2019, the Australian Securities and Investments Commission (ASIC) launched a consultation on proposals to update its Internal Dispute Resolution (IDR) standards, which apply to...
On May 14, 2019, the National Crime Agency (NCA) published the national strategic assessment of serious and organised crime, which provides an overview of the serious and organised crime present in...
When trendy U.S. salad chain Sweetgreen moved to stop accepting cash payments in December 2016, it extolled the decision as “a win for the customer, company and community.”
The UK’s competition regulator is investigating the proposed $22bn (£16.9bn) mega-merger between US financial services giant Fiserv and First Data, it announced on Monday. 
On May 13, 2019, the Treasury Select Committee published a report on consumers’ access to financial services, following the launch of an inquiry in November 2018 to assess the Financial Conduct...
UK lawmakers have thrown their weight behind the drive for banks and retailers to work together to enable customers to self-exclude from purchases such as alcohol and gambling, but do not support...
On May 9, 2019, the Financial Supervisory Authority (Finanstilsynet) published a risk and vulnerability analysis report on the financial sector's use of information and communications technology ...
On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...

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